Last Updated: [Insert Date]
This Risk Disclosure (“Disclosure”) explains the risks associated with using the PayonLocal platform and crypto payment gateway services available at https://payonlocal.com.
By accessing or using PayonLocal, you acknowledge that you have read, understood, and accepted the risks described below.
1. Nature of Cryptocurrency Risks
Cryptocurrencies are highly volatile, decentralized digital assets. Their value may fluctuate significantly within a short period of time due to market conditions, network activity, regulatory developments, or other factors beyond PayonLocal’s control.
You acknowledge that:
Cryptocurrency prices can rise or fall rapidly
You may lose part or all of the value of received payments
Past performance does not guarantee future results
2. Non-Custodial Risk (Important)
PayonLocal operates as a non-custodial payment gateway.
PayonLocal does not store, manage, or control private keys, seed phrases, or recovery phrases.
Merchants are fully responsible for creating, securing, and maintaining their own wallets.
PayonLocal cannot access, recover, freeze, reverse, or safeguard merchant funds.
⚠️ If a merchant’s wallet is hacked, compromised, lost, or mismanaged, PayonLocal bears no responsibility or liability for any resulting loss of funds.
3. Wallet Security Risk
Cryptocurrency wallet security depends entirely on the merchant.
Risks include:
Malware, phishing, or social engineering attacks
Compromised devices or networks
Loss of private keys or seed phrases
Unauthorized access by third parties
PayonLocal is not responsible for wallet security failures or losses caused by third-party wallets, exchanges, or user negligence.
4. Blockchain Network Risks
Blockchain networks are independent, decentralized systems.
You acknowledge that:
Transactions may be delayed due to network congestion
Transactions may fail or remain unconfirmed
Blockchain reorganizations or forks may occur
Transactions are irreversible once confirmed
PayonLocal does not control blockchain networks and cannot guarantee transaction confirmation times or finality.
5. Transaction Irreversibility
All cryptocurrency transactions are final and irreversible.
Incorrect wallet addresses
Incorrect amounts
Unsupported networks or tokens
may result in permanent loss of funds.
PayonLocal cannot reverse or recover such transactions.
6. Third-Party Service Risks
PayonLocal may rely on third-party services such as:
Blockchain nodes or RPC providers
Wallet software
Payment processors
Hosting and infrastructure providers
PayonLocal is not responsible for outages, failures, inaccuracies, or security breaches caused by third-party services.
7. Regulatory and Legal Risks
Cryptocurrency regulations vary by jurisdiction and may change at any time.
You are solely responsible for:
Determining whether your use of PayonLocal is lawful
Complying with local regulations, licensing, and tax obligations
Reporting and record-keeping requirements
PayonLocal does not provide legal, tax, or financial advice.
8. Operational and Technical Risks
Despite reasonable security and operational measures, risks include:
Software bugs
System downtime
Cyberattacks
Data transmission errors
PayonLocal does not guarantee uninterrupted or error-free service.
9. No Investment or Financial Advice
PayonLocal does not provide:
Investment advice
Trading recommendations
Asset valuation guarantees
All decisions to accept, hold, convert, or transfer cryptocurrency are made solely by the merchant at their own risk.
10. Limitation of Liability
To the maximum extent permitted by law:
PayonLocal shall not be liable for loss of funds, profits, business, or data
Use of PayonLocal is entirely at your own risk
11. Acknowledgement
By using PayonLocal, you confirm that:
You understand the risks associated with cryptocurrency payments
You accept full responsibility for wallet security and fund management
You agree that PayonLocal is not liable for losses arising from the above risks
12. Contact Information
If you have questions regarding this Risk Disclosure, contact:
Email: support@payonlocal.com
Website: https://payonlocal.com